Useful Questions to Ask When Comparing Gold IRA Companies

So once you have made the decision to invest part of your retirement savings in gold, looking for the right Gold IRA Company is something that is going to require your consideration and due diligence, to make the right choice from the hundreds of Gold IRA Companies that are around today. Reliability, reputation, and a trust are three of the most important factors to consider when making your decision to settle. After all, you have worked your entire life to save for your golden years, not to have it swindled away by an inexperienced company that has no integrity. Other than reading third-party and customer reviews, paying a personal visit to really get a feel for the company is the best way to go. They are the people taking care of the rest of your life. You need to feel comfortable that they can do that.

Are They Retirement Fund and Precious Metal Experts?

When choosing your Gold IRA Company, specialist staff and/or a specialist department is needed. This is going to smooth the setup procedure, make transfers and rollovers quick and simple, and the peace of mind knowing that everything can, and will be handled in-house. Due to the various IRA rules and benefits, dealing with an expert in this area is always advisable.

Are They Accessible?

Any Gold IRA Companies should be easily accessible over the phone, and quick to respond to your needs. It is important that you feel comfortable with the people that are handling your funds, and a personal touch just says so much. The benefit of a personal relationship is going to help your broker become better acquainted with your individual needs and circumstances, and will be able to serve you better.

How Are The Fees Structured?

This is important information, as making the incorrect choice could end up costing you a small fortune. Generally, Gold IRA Companies offer their clients the choice of either flat fees or scaled fees. Scaled fees are fees that are increased incrementally with the growth of your investment portfolio, and usually runs around 0.1% of your total portfolio value. As your portfolio increases, as it should, so do your fees according to the scaled fees structure.

What Are The Delivery Timescales?

The delivery and storage f your metals is an important part of the process, and is something that you want to be seamless and secure, and have full knowledge that it is being taken care of completely. Delivery times have been known to take up to a few months. It may be useful to find out if a Gold IRA Company offers any assurance regarding compensation schemes for late delivery.

Storage of Your Metals

IRS rules dictate that a person under the age of 59 ½ years may not physically hold gold with Gold IRA’s, and should instead at a secure depository on your behalf. The best is to opt for a segregated (dedicated) storage to make sure that your metals are not mixed and/or damaged through their storage with inferior quality products. Segregate storage also provides the safer and more secure storage option. Another concern is whether or not your coins will either Allocated or Non-Allocated. Allocated means that your gold has been marked with your name on it. Thus, it cannot be claimed by creditors in the case that your Gold IRA Company goes insolvent.

Do They Have a Buy-Back Program?

If the time ever comes where you have to liquidate your assets, it is good to know that your chosen Gold IRA Company will buy your gold from you at a fair value. This feature is going to make the entire process smooth and quick as well as straightforward. Being familiar with your individual circumstances and needs, they will be taking your interests into account too.

When you do finally decide to make the move to invest in gold, getting through all the Gold IRA Companies around is going to take your commitment. But at the end of the day, the Gold IRA Company that you choose must be the right one for you.